Mubasher: Capital Intelligence (CI) has affirmed the long-term and short-term credit ratings of Al Imtiaz Investment Group at 'BBB' and 'A3', respectively, and lowered its outlook from Positive to Stable. The 'Stable' outlook shows that the …
Mubasher: Moody's Investors Service has maintained all the credit ratings of Boubyan Bank, with a 'Stable' outlook, according to the bank's disclosure to Boursa Kuwait on Wednesday. The credit rating agency has affirmed the bank's long-term …
UAE - Mubasher: Sharjah has led the world's high growth activation phase ecosystems list in the 2020 Global Startup Ecosystem Report (GSER), reflecting Sharjah's objective to become a thriving global startup hub. Sheraa, a venue aiming to create a …
Riyadh - Mubasher: The International Monetary Fund (IMF) now expects a stronger recovery for the Saudi economy next year, after raising the economic growth forecast for Saudi Arabia to 3.1% during 2021. This marks an improvement of 0.2% compared …
Riyadh - Mubasher: The Saudi cement industry exhibited a moderate rise of 11% in the demand for cement during the first five months of 2020, compared to the same period in 2019, amidst the imposed lockdown due to the coronavirus (COVID-19). Al …
Riyadh - Mubasher: Itqan Capital has initiated its coverage for the Saudi Basic Industries Corporation (SABIC) with an "Underweight" recommendation and set the target price (TP) of the stock at SAR 77.4 per share. The 52-week TP represents a …
Riyadh - Mubasher: Saudi Electricity Company (SEC) has awarded a five-star rating to Waad Al Shamal integrated solar and combined cycle power plant project for Environment, Health, and Safety (EHS) standard. Waad Al Shamal has become one of the …
Dubai – Mubasher: Moody's Investors Service (Moody's) has assigned DP World's proposed subordinated perpetual notes and DP World Salaam's Sukuk certificates the 'Ba2' rating, with a stable outlook, Reuters reported. The Moody's rating to …
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) was ranked first among retail brands in a list by Forbes for the Middle East Top 100 Companies 2020. Placed in the 52nd position overall, the company was …
Abu Dhabi – Mubasher: Moody's Investors Service (Moody's) has reaffirmed the credit rating of National Bank of Ras Al Khaimah (RAKBANK) at Baa1/P-2, with a negative outlook. The obligations rated at the medium grade Baa are subject to moderate …
UAE - Mubasher: The 2020 Kearney Foreign Direct Investment (FDI) Confidence Index, an annual survey ranking the markets likely to attract the most investment in the next three years, saw the UAE advance to 19th place out of 25 markets, compared to …
Riyadh - Mubasher: Al Rajhi Capital raised its target price (TP) of the Saudi Industrial Services Company (SISCO) to SAR 23 per share from SAR 21 per share and maintained an ‘Overweight’ rating. In the first quarter (Q1) of 2019, SISCO gained …
UAE - Mubasher: Fitch Ratings has maintained Ras Al Khaimah's Long-Term Foreign-Currency Issuer Default Rating at 'A' with a stable outlook, according to a recent research note. The rating reflects that the coronavirus (COVID-19) impact on the …
Mubasher: Capital Intelligence Ratings (CI) on Tuesday has reaffirmed the long and short-term foreign currency corporate ratings of Kamco Invest at 'BBB' and 'A3', respectively. The outlook on the ratings remained ‘Stable’ despite the impacts of …
UAE – Mubasher: Fitch Ratings has maintained the Long-Term Issuer Default Rating (IDR) at 'A' for the UAE-based Arab Bank for Investment & Foreign Trade (Al Masraf), with a stable outlook. The rating agency has assigned the F1 rating to the bank's …
Mubasher: The asset managers in member countries of the Gulf Cooperation Council (GCC) have resilience in facing the economic impacts of the new coronavirus disease (COVID-19), according to a recent report by Moody's Investors Service. The credit …
UAE - Mubasher: Abu Dhabi's gross domestic product (GDP) is expected to retreat by 7.5% in 2020 due to lower oil prices and the coronavirus (COVID-19) pandemic, according to S&P Global Ratings. The rating agency referred that the oil production of …
UAE - Mubasher: Abu Dhabi Investment Authority (ADIA) came in third place among the world's largest sovereign wealth funds with total assets of $579.6 billion, according to a report by the Sovereign Wealth Fund Institute (SWFI). ADIA's rankings by …
Mubasher: Fitch Ratings has revised the outlook on the long-term foreign-currency issuer default ratings (LTFC IDRs) of nine Turkish foreign-owned banks, including Burgan Bank Turkey, to negative from stable. The lender’s LTFC IDR has been …
Riyadh – Mubasher: Moody’s Investors Service has downgraded Arabian Centres Company's (ACC) corporate family rating (CFR) to ‘Ba2’ from ‘Ba1’. The rating on the $500 million Sukuk, which was issued by Arabian Centres Sukuk Limited and due in 2024, …
Mubasher: Moody’s Investors Service has affirmed the long-term deposits rating of Ahli Bank of Kuwait (ABK) at ‘A2’, with a ‘Stable’ outlook. The ‘baa3’ standalone Baseline Credit Assessment (BCA) reflects the lender’s strong capitalisation, …
Mubasher: A.M. Best Rating Services has affirmed Al Ahleia Insurance’s financial strength rating (FSR) at ‘A-’ (Excellent) and the long-term issuer credit rating at ‘a-‘. The outlook for these credit ratings remains stable, according to a bourse …
Mubasher: Moody's Investors Service has affirmed Warba Bank’s Baseline Credit Assessment (BCA) and the adjusted BCA at ‘ba3’, and changed the outlook to ‘Stable’ from ‘Positive’. The bank’s long-term and short-term deposits were affirmed at ‘Baa2’ …
Mubasher: Moody's Investors Service has affirmed Gulf Bank's long-term deposits at ‘A3’ and the short-term deposits at ‘P-2’. The rating agency has also changed the bank's outlook to ‘Stable’ from ‘Positive’, according to a bourse statement on …
Mubasher: A.M. Best Rating Services has affirmed the credit rating of Kuwait Reinsurance Company at “A-“ (Excellent), with a ‘Stable’ outlook. The rating highlights the robustness of the insurer’s balance sheet, coupled with its adequate operating …
